Block Deal Alert! Clean Max Shares in Focus as Augment India Likely to Sell Stake Worth Rs 1,063 Crore

CleanMax raises ₹2,500 crore via Green Bonds

Issued under CleanMax’s Green Bond Framework, the bonds are backed by a defined green-use-of-proceeds framework, allocated for large-scale renewable energy projects.

Clean Max Enviro share price volatile on a likely ₹1,063 crore block deal to sell 85 lakh shares - All details here

Shares of Clean Max Enviro Energy Solutions opened at ₹1,301, 6.6% down from their previous close of ₹1,392.55. However, they soon erased losses, jumping 4.7% to an intraday high of ₹1,458.10.

Block deal alert! Clean Max shares in focus as Augment India likely to sell stake worth Rs 1,063 crore

Clean Max Enviro Energy Solutions will be in focus after Augment India Holdings LLC is reportedly looking to sell a 7.25% stake through a block deal worth Rs 1,062.8 crore. The stake sale comes days after Macquarie and JM Financial initiated coverage on the stock, with both brokerages highlighting strong C&I renewable energy demand and long-term growth potential.

CleanMax Secures ₹2,500 Crore in Green Bond Market Deal

CleanMax has raised ₹2,500 crore through green debt securities in India's bond market to fund renewable energy projects. Issued as Non-Convertible Debentures with maturities from two to ten years, the bonds received a CRISIL AA/Stable rating, attracting significant institutional investment. This issuance enhances CleanMax's funding avenues and supports climate action initiatives.